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Wal-Mart de México to create 25,000 indirect jobs
Feb '09
Wal-Mart de México, S.A.B. de C.V. announced an unprecedented $11.8 billion-peso investment plan for 2009, which will generate more than 14,500 new direct jobs and open 252 new units from its self-services formats (Bodega Aurrerá, Walmart and Superama); Sam's Club and Suburbia apparel stores.

Eduardo Solórzano, CEO of Wal-Mart de Mexico, stated that “today, more than ever, Mexican families need the savings that can help them improve their standard of living. During 2008, we managed to generate savings for our clients of more than $7.3 billion pesos. Our 2009 investment plan will allow us to take the savings offer that characterizes us to more rural and urban populations, providing them with a wide variety of goods at Every Day Low Prices. At a time of economic challenge for many Mexican families, Wal-Mart de Mexico restates its long-term commitment to our country by generating new jobs.”

It is important to note that the construction of these new units will support the creation of 25,000 indirect jobs.

Our 2009 investment plan includes the opening of 252 new business units from our different formats:

225 Bodega Aurrerá units
13 Walmarts
4 Superamas
7 Sam's Club
3 Suburbia stores
These units represent a sales floor growth of 10%.

It is worth mentioning that the $11.8 billion-peso investment is 4% higher than that of 2008, while there will be a 15% increase in new direct jobs in 2009 compared to the 12,582 jobs created in 2008.

As for Banco Wal-Mart, Solórzano explained that “in 2009 we will continue with our gradual growth, taking our banking services closer to our customers with the best conditions of the market. We will focus on consolidating and strengthening its operating and organizational structure so that the Bank can achieve its potential. With slightly more than a year of operation, Banco Wal-Mart has served 152,000 customers/accounts and opened 399 credit promotion modules and 38 MACS (branches)”.

“In the realm of our social responsibility we will continue implementing the most advanced water and energy-saving technologies in our units in order to accomplish our sustainability goals and to help preserve the environment for future generations. Also, we will focus our efforts on supporting production projects that contribute towards helping improve the nutrition of remote communities through the work of the Wal-Mart de México Foundation”, said Solórzano.

“Also, with our 2009 investment plan we will continue developing growth opportunities for our more than 14,000 suppliers, 40%of which are small and medium-size businesses (SMEs). And, among other things, we will continue implementing initiatives to increase the quality of life of our associates and strengthening our leadership in gender equality,” Eduardo Solórzano added.

Wal-Mart de México S. A. de C.V.

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